tomo logo

$605,000

Beds
6
Baths
6.0
sq ft
2,907

116 Springfield Ave, Panama City, FL 32401

116 Springfield Ave

Panama City, FL 32401

  • <1 day on market
Welcome to a Turnkey Investment Opportunity!This fully remodeled property at 116 Springfield Ave offers six detached single-family units, each featuring one bedroom, one spacious bathroom, a living area, and a kitchen. These units, completely updated in 2021, are fully occupied and generating $61,500 in annual gross income with rent rolls available. The updates include new (2021) 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, paint, and luxury vinyl plank flooring, as well as new kitchen cabinets and countertops. Each unit is individually metered for water and electricity, ensuring efficient management. Professionally managed by ERA Neubauer Property Management, this property is an excellent addition to any investment portfolio. As an added bonus, the adjacent cleared lot (Parcel ID 24228-005-000) with mixed-use zoning is also listed for sale at 65,000, (MLS 766435) providing an ideal opportunity for additional development or other creative uses. Schedule your private showing today with your preferred real estate professional!

Details

Property type

Single Family Residence

Lot size

0.31 acres

Price per sq ft

$209

Year built

1952

Price History

12/22/2024
EmeraldCoast

EmeraldCoast #965132

Listed
$605,000
+8.04%
04/24/2023
EmeraldCoast

EmeraldCoast #918285

Sold
$560,000
+600%
08/09/2019
CentralPanhandle

CentralPanhandle #680919

Sold
$80,000

Schools & Community

Elementary school: 

Cherry Street

Middle school: 

Everitt

High school: 

Rutherford

Status: Active

Tomo last checked: 12/22/2024 at 8:00 PM

Listing updated: 12/22/2024 at 1:44 PM

Listed by: Kaci A Hawes, ERA Neubauer Commercial Phone #: (850) 872-3434

MLS: EmeraldCoast #965132

EmeraldCoast logo

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